Russia’s Gazprom plans HQ job cuts after loss of EU market

AFP | Moscow

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Russia’s Gazprom is considering cutting hundreds of administrative jobs, a company spokesman confirmed yesterday, as the gas producer reels amid the loss of key exports to Europe.

Ukraine on January 1 ended decades of Russian gas transit agreements -- deals that had brought billions of dollars to Kyiv and Moscow -- in a bid to cut off revenues for Russia amid the three-year conflict.

A Gazprom spokesperson confirmed yesterday that a letter circulating in Russian media in which a senior figure proposed cutting around 40 percent of jobs at the firm’s Saint Petersburg headquarters was real.

In the letter, dated 23 December 2024 and sent to Gazprom chief Alexei Miller, deputy chairperson Yelena Ilyukhina said the company should reduce the number of employees at its headquarters from “more than 4,100” to “2,500 staff.”